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EXAMPLE COSTS ASSOCIATED WITH YOUR PURCHASE
- Example of Additional Costs of Associated with Purchase Villa - A buying price of €125,000 ( £88,028), is used for this example as the price payable for the property directly affects certain costs.
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IVA 7% (Spanish VAT) - Payable on the declared value of the property. |
€ 8,750 |
Legal Fees - Making searches, preparation of the Escritura (Title Deeds) and translation before a public Notary. Inc. VAT |
€ 1,250 |
Notary's Fees - Preparing the Escitura, registering the Title and Stamp Duty |
€ 2,340 |
Owners Club Fee - Liason with builders, lawyers, banks and local authorities on your behalf; making period inspections during construction as well as assistance with building modifications, fixtures and fittings. Inc VAT |
€ 700 |
Connection Charges - Water, Electricity, Gas and Drainage. |
€ 600 |
Plus Valia - Capital Gains tax levied by the Town Hall on the increased value of the plot since last sold |
€ 250 |
TOTAL: |
€ 13,890 / £9,782 |
- 1. All costs are estimates and for guidance only. Sterling prices on these lists are based on an exchange rate of € 1.42 to £1 and are liable to fluctuation.
- 2. If you are arranging a mortgage through a bank there will be an additional set up fee. The Notary fees will therefore increase as there will be a mortgage deed and separate registration fee.
- 3. Connection Charges will vary depending on the region and property size.
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